Donald Trump Announces The Release Of His NFT Collection

Donald Trump, a businessman and former US president announced the availability of several NFTs on Reality Social on Thursday.

The billionaire announced the Major Announcement on a social media channel run by Trump media, stating,

I’m doing my first official Donald J. Trump NFT collection right here and right now, they’re called Trump digital trading cards.

The digital trading cards featuring Donald Trump were quickly sold out. Some 648 ETH, or about $785,00, were raised. Over 1,106 ETH have been traded in the collection on OpenSea alone as of the time of writing. Right now, 0.149 ETH is the floor price.

Thank God, the digital trading cards are here. It was indeed a MAJOR ANNOUNCEMENT.

These cards include some of the genuinely outstanding artwork related to my life and career, Trump said in the commercial. His $99 NFTs were compared to baseball cards.

Moreover, promotion is offered with each photo-shopped card that Trump sells. It entails playing golf on the Trump estate and having supper with the former president.

According to the website, the Trump memorabilia is not personally owned by the former president but by NFT INT, LLC. The company has said that none of its principals or affiliates, including Donald J. Trump, The Trump Organization, or CIC Digital LLC, are the company’s owners, managers, or controllers.

The firm claimed to have a paid license to use Donald J. Trump’s name, likeness, and picture.

Not Missing The NFT Bull Market Was Melania Trump

Nearly a year after Melania Trump auctioned off her digital artwork on the Solana network, Trump was freed. However, a report from Bloomberg indicated that Melania Trump personally won the auction and paid the winning amount.

Melania Trump’s office responded by saying that the transaction was brokered on behalf of a 3rd buyer.

The former first lady may have owned something other than the former president’s collection as unique, as other people say, online users. Trump’s NFT collection, though, has accrued too much ground by this point. The daily trade volume for NFTs on Ethereum has, in late 2022 compared to 2021, drastically fallen, according to a Statista analysis.

Based on market volume data, Melania Trump’s January auction was published during a bull market. According to Nansen’s weekly data, the former president was released during a bear market that worsened in Q2 of this year. Since then, every week’s sales have stayed at most 150,000 ETH. With a few weeks of over 350,000 ETH in volume, the market peaked in February 2022.

Related Reading | FTX Founder, Sam Bankman-Fried, Gives Back $2 Million To Customers

As of the publication, sales data from OpenSea show that the Trump Digital Trading Cards on Polygon exceeded a total volume of 370 ETH across 4,000 purchases.

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